Regasification

For the third year, Italy’s Ministry of Economic Development has selected the Adriatic LNG terminal to offer a peak shaving service.

According to Reuters, General Electric has been awarded a US$900 million contract to construct a 1500 MW natural gas-fired combined cycle power plant in Brazil.

According to Reuters, Egypt Natural Gas Holding has launched a tender to secure 96 LNG cargoes in 2017 and 2018.

Singapore’s Energy Market Authority has awarded Pavilion Gas and Shell permits to import the next tranche of LNG into Singapore.

HIGAS has obtained final governmental approval for the first small scale LNG storage plant in the Mediterranean.

A new report from Douglas-Westwood forecasts that the emerging LNG market will strengthen spot trading.

According to Reuters, Qatargas has signed a five-year LNG sales and purchase agreement with Petronas LNG UK.

KBR has been awarded a pre-FEED study for PT Australasia LNG Indonesia's proposed LNG Hub terminal.

Crowley Maritime Corp. has announced that its LNG services group has won a contract to supply Alaska LNG from the Titan Pt. Mackenzie plant to Alaska Power & Telephone Co.’s Tok power plant.

Alpha Process Controls will supply its LNG hose transfer system to the GNL Quintero regasification terminal in Chile.

Golar Power has announced that it has reached a final investment decision on the Porto de Sergipe project, and has chartered the Golar Nanook floating storage regasification unit for 25 years.

The President and CEO of Qatar Petroleum has concluded a trip to Japan, during which a number of meetings were held on ways to boost cooperation between Japanese customers and partner companies, especially in the LNG trade.

The CEO of Gazprom, Alexey Miller, has reportedly said that the company is looking to renegotiate an LNG supply deal with India’s Gail (India) Ltd within the coming six months.

Although the global gas market may be descending into the tunnel of oversupply, Timera Energy suspects that this tunnel is shorter than many people think.

The commercialisation of the natural gas-fired power generation project in Soma Port, Japan, as well as the participation of three new shareholders, has been approved at a recent Fukushima Gas Power Co. Ltd shareholder meeting.